Torrent Pharma Seeks CCI Approval to Acquire Majority Stake in JB Chemicals in Rs 19,500 Crore Deal

After the completion of the deal, Torrent Pharmaceuticals will become India's second most valued pharma company.

Ahmedabad-based Torrent Pharmaceuticals has sought fair trade regulator CCI's clearance to acquire a majority stake in in J B Chemicals and Pharmaceuticals in a Rs 19,500-crore deal.

After the completion of the deal, Torrent Pharmaceuticals will become India's second most valued pharma company.

The development came after Torrent Pharmaceuticals in June this year announced the acquisition of a majority stake in J B Chemicals and Pharmaceuticals in a Rs 19,500-crore deal.

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